Name : GoBig7
Website : www.gobig7.com
Price : starter membership $0 ; upgrade $7/month
Owners : Michael Dodd
Type : “advertising software”, ponzi
Who is it for? : the reckless
Better alternative : Wealthy Affiliate (read full review here)
Someone approached me on facebook the other day, claiming he had found a brand new awesome way to earn money quickly : GoBig7! So I typed GoBig7 on google image and here’s one of the pictures that I found :
My first thought was : “Hmmmm… sounds a bit too good to be true”. I mean, why are there so many people still working a day job if such an amazing program can allow us to retire in 30 days? I have been scammed online way too many times to believe in any get-rich-quick schemes ever again. I trust opportunities that have passed the test of time. Now, “new” does not always equal “scam” and I had to find out for myself.
Who Is Behind GoBig7?
The first thing I do when I look into an online opportunity is read everything! lol … Especially things written in small print that almost nobody actually reads!! =) I’m interested in where the firm is established and who created it. I like to know who I’m dealing with, mostly because I’ve been ripped off online more than once by “ghosts” who end up vanishing with your money! =)
Here’s what you can find on their website :
Copyright 2003-2015 InternetMarketingLawProducts.com for World Light Ltd Direct all correspondence to World Light LLC, a public relations firm for World Light Ltd. in Seychelles. Phone 1-615-822-2080 Hours 10 am to 3 pm Mon â€“ Fri.
So I led my little investigation and found out that the creator of GoBig7 is actually the creator of a company known as Pennymatrix. Again, I did some research and learned that Pennymatrix is a ponzi. It’s a scam. If you are curious enough to compare both programs, you’ll see they are almost exactly the same. But I’m trying to be open-minded and think perhaps the owner (Michael Dodd) had a change of heart and decided to create a legitimate business after all!
A Beautiful Website Does Not Equal A Good Business
While I must admit GoBig7’s website looks really pleasant and professional, it’s unclear what their program is all about. If the site’s design is modern, navigation is almost impossible, due to a too fast screen scroll. But anyway…
What Do They Sell?
I created a free account and had a little poking around to see what I could find. Always beware of a program that is not clear in what it sells. If there’s no retail products or services clearly presented, be cautious. Never pay for something that sounds vague and only remunerates the people above you. That’s illegal and you’ll waste your time and money. So basically GoBig7 claims to be an “advertising innovation” that will help you “monetize your ads like crazy“. Ok. I’m not sure what that’s supposed to mean. So I wanted to find out! What else does it say?
While it says you don’t have to recruit anyone, you still have to get 2 people to sign up and you need these people to do the same every two days. Unless I’m mistaken, that IS recruiting =/ They claim you can earn up to $19,659 in 30 days…. which is really a lot of money, right? For simply referring two people. So far, I haven’t been able to find a single person who is actually making that kind of money on GoBig7.
How Much Can You Earn?
Like I said above you are supposed to be able to make over $19 000 in one month. This is what you’ll find on their website :
And this is how it works :
But what is their compensation plan exactly? The concept is very easy to assimilate. To join the matrix and be eligible for their commissions you need to become an active member (by paying a monthly $7 subscription fee). Your monthly earning is up to 0.30 dollars per member.
- You get paid 0.30 dollars per member from your downline
- Each line must be complete for you to earn your commissions. For example, at level 4 you need 16 members to reach your commissions. If you only have 15, you will not earn anything.
- You are eligible for commission on your peer levels, while your direct upline is paid on your odd levels (which are their peers levels). Basically you get paid every other level.
- You will not earn commissions if you do not pay your monthly subscription (even if all your lines are complete)
- Once you have filled 14 levels, you earn 100% commissions from all new referrals. They said no recruiting is required but then if you don’t make any referrals, are you going to make any money at all?? Very unlikely.
How Much Does It Cost?
Ok so the “good” news is GoBig7 offers a free membership ! But the bad news is you’ll have to upgrade to the $7 membership if you want to access the matrix and earn more (see above compensation plan). Now, it’s precisely because it’s cheap that it’s easier for you to fall for the trap.
I tried doing things with the free membership but it took me less than 30 minutes to realize I wouldn’t go very far with it.
- You can pay your subscription via credit card or Payza
- You can receive your payment via paypal or check
What Are The Pros & Cons
- the monthly fee is quite cheap ($7)
- you don’t have to recruit anybody, so they say
- it does not sell anything tangible
- actually you must recruit countless people to make a decent living, and by “countless” I MEAN countless
- it is impossible to know how long the program will last. It might collapse anytime
- The website, although really pleasant to the eye, makes your navigating experience really irritating, with a way too quick scroll down of the screen
Honestly, how long this program can last depends on the number of people who join it. It’s very simple : the recruitment and payment of the $7 fee is what sustains the system.
Let’s say that a member signs in but decides to leave the program after one month because they haven’t made any affiliate and don’t want to pay the $7 fee. As they leave the program, it will handicap the upline and even the entire network. My take is once you’ve joined the matrix you are going to be constantly looking for people to complete your lines and make sure you are eligible for commissions. So you are going to be selling GoBig7, not as an advertising platform but as a get-rich-quick scheme.
GoBig7 hides behind this whole advertising platform because that’s the only thing that makes its existence legal, but there’s nothing to sell on GoBig7. People are only earning money from new members joining the program, hoping to become rich.
My Final Opinion
The company says it’s very easy and quick to earn $19,659 a month but they don’t tell you that it will take a tremendous amount of referrals to achieve this number. My opinion is that GoBig7 sounds a bit too much like a pyramid scheme, with commissions paid through the recruitment of new affiliates into the company.
The risk with such programs is that when recruitment drops down or dries up completely, affiliates in the bottom of the company matrix stop getting paid and the owner of the company run away with all the money they have accumulated.
They will eventually create a new system, most of the time similar to the one that just collapsed. I’ve been scammed by similar programs before and they all collapsed at some point because the program was not selling anything real or valuable. If when joining a company you’re not doing something that helps people, one way or another, chances are that you have joined a scam. GoBig7 is likely to follow the steps of its big brother PennyMatrix… So : scam alert, run!
Pyramid schemes VS Affiliate Marketing
From my experience, most MLMs are scams. As you join an MLM company you’ll quickly end up recruiting people, no matter what the initial product you’re selling is. Your upline will be constantly on your back, excepting accurate results from you, otherwise they will not reach their own position. And you’ll turn into them, harassing your downline =/. Not fun.
The best way to earn money online to me is affiliate marketing. It doesn’t require you to have a downline which makes you feel free when you’re working. You can promote anything and nobody’s putting pressure on you. If you’d like to learn more about affiliate marketing, check out my Wealthy Affiliate review here!
Thanks for dropping by!
All the best